Author: Mgr. Daniel Macek, 16. 8. 2022
Have you formed a limited liability company and don´t know what to do now? In this article, we will explain what needs to be done and what obligations are necessary following incorporation of a company in the commercial register.
Once your company has been incorporated in the commercial register, you need to set up a business account. All you need is your personal ID card, an extract from the commercial register and an initial minimum deposit which will depend on your bank. In a few days, you will receive a payment card from your bank and your account will be unblocked and available for your company.
Next, you must set up a data box. We recommend that you thoroughly study all information concerning data boxes to prevent situations when documents are delivered to your company by state administration authorities without your knowledge as a company representative. In accordance with legal regulations, each newly formed company is automatically provided with a data box (under the law, every legal entity registered in the commercial register must have a data box). Each data box contains a unique identifier that distinguishes it from others.
To log in to the data box, you need access data, i.e. a username and a password. These access data are always sent by the Ministry of Interior and are delivered “to the addressee only”, in this instance to the executive. The data are usually delivered within 7 days following registration of the company to the address listed in the commercial register, which is the executive´s permanent residence address, or to the executive´s delivery address provided in the population register.
Please note that electronic communications are delivered upon login to a data box. It is irrelevant whether the particular message was opened and read. If you do not check your data box, a so-called fiction of delivery will apply. It means that a message will be deemed read 10 days following delivery to a data box even when you have not logged in. Therefore, you need to check your data box at least once every 10 days.
Each newly formed limited liability company is also obliged to register for applicable taxes with the locally competent financial revenue office within 15 days after registration in the commercial register. Registration is done only via data box. No other method is possible. If you would like to visit the tax office in person, it will be a waste of time in this case. Every company is required to register for legal entity income tax (regardless of whether it will have any income).
The company may also be subject to other taxes:
Take note that you need to register for the aforementioned with your trade license office as it is serves as a central registration point. Individual offices are connected, so you make all necessary registrations there. Nevertheless, based on our experience, we recommend checking whether all registrations have been successful with individual offices.
If the company has at least one employee, it is obliged to:
If you follow our checklist, you will fully comply with all relevant obligations.
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